eDiscovery Business information about the litigation support and electronic discovery industry. Including investment opportunities, acquisitions & mergers, funding news, significant business successes, new alliances, product announcements and relative links. Please feel free to forward news worthy information to Brad Jenkins at jenkins.bradley@gmail.com for posting consideration. Disclaimer: No representation is made as to whether the information provided is the most current available.

Monday, July 02, 2012

DALLAS -- Xerox (NYSE: XRX), today announced the acquisition of Lateral Data,
a leading e-discovery technology provider, for $30 million. Lateral
Data’s flagship software, Viewpoint™, brings simplicity and
affordability to e-discovery by
enabling corporate legal departments and law firms to manage the entire
e-discovery lifecycle using a single, in-house solution. E-discovery is
the process where electronic data is sought, located, searched and
secured for potential use as evidence in legal and regulatory matters.

The acquisition solidifies Xerox’s position in the e-discovery market by complementing the services, technology and consulting offerings of Xerox Litigation Services. Xerox estimates the enterprise e-discovery market will be approximately $1.6 billion by 2013.

Viewpoint helps
legal and IT departments and law firms to lower the total cost of
e-discovery by streamlining cumbersome and time-consuming processes that
traditionally require the purchase of disparate products and services
from multiple vendors. Using Viewpoint, clients can simplify the
collection, analysis, review and management of data across complex
information sources – including social media, servers, email, desktops
and cloud-based email and business collaboration platforms like Google
Docs and Microsoft SharePoint – all from a single platform. Viewpoint
can be deployed in the cloud or installed behind the client’s firewall.

“Viewpoint offers the most comprehensive and integrated e-discovery
functionality available in a single software solution,” said Randall Burrows,
managing director of Xerox Litigation Services. “With the acquisition
of Lateral Data, Xerox now offers customers greater flexibility for
meeting their e-discovery needs. Clients can choose a full service
cloud-based approach, a do-it-yourself on premise solution or a
customized combination of both.”

The Viewpoint platform also offers advanced capabilities for
filtering and processing data up to five times faster than any
e-discovery software, giving clients the ability to conduct early case
assessments and analyze relevant data sooner. This reduces costs related
to processing, reviewing and hosting non-relevant data at the beginning
of a legal matter.

About Me

Brad Jenkins is the President and CEO of CloudNine Discovery, an electronic discovery software and services company, that assists corporations and law firms in the collection, processing and review of electronic data. Brad writes the Litigation Support Industry Blog, which covers news about litigation support and ediscovery companies' funding & investment activities, acquisitions & mergers and notable business successes.

Brad consults with businesses and investors looking to buy or sell companies in the litigation support and e-discovery marketplace. Brad has over 20 years of leadership experience with technology and startups, and specializes in business strategy, sales and marketing. Brad's customer centric business approach has been instrumental in the successful sale/acquisition of the last three start-ups in which he was involved.